The Entrepreneurship Development Institute of India (EDI), an autonomous body and not-for-profit institution, set up in 1983, is sponsored by apex financial institutions, namely the IDBI Bank Ltd, IFCI Ltd. ICICI Ltd and State Bank of India (SBI). The Institute is registered under the Societies Registration Act 1860 and the Public Trust Act 1950. The Government of Gujarat pledged twenty-three acres of land on which stands the majestic and sprawling EDI campus.
The EDI has been selected as a member of the Economic and Social Commission for Asia and the Pacific (ESCAP) network of Centres of Excellence for HRD Research and Training.
EDI as a member of the Network will have interactive access to information on other 123 member institutions via Internet. The database on the Network is included in the ESCAP HRD Homepage (www.escap-hrd.org) on the Internet. EDI will also be invited to collaborate with ESCAP in the development and delivery of a series of ESCAP HRD courses to train social development personnel working to alleviate poverty in the region. Further, EDI as a member will also be invited to nominate their personnel to participate in a series of ESCAP HRD courses for poverty alleviation, starting in 1998.
The post liberalisation industrial and economic scenario in India makes it imperative that a more dynamic and pragmatic approach be adopted to create new first generation entrepreneurs on a large scale. Various state level Entrepreneurship Development Institutions as well as EDI, the pioneer in entrepreneurship development, have, since decades, been conducting localised Entrepreneurship Development Programmes (EDPs). These EDPs have limitations in terms of beneficiaries being covered at a time and thus fail to fulfill the need of a large number of potential entrepreneurs scattered in the vast geographical areas of the country. Hence, need for a novel approach was felt. To address this need of developing new, committed entrepreneurs on a large scale, the Institute conceptualised and launched an innovative programme titled 'Diploma in Entrepreneurship and Business Management' through distance learning and personal counselling.
The main objective of the programme is 'New Enterprise Creation and Management'. To achieve this objective, the study material is focussed on various aspects of starting and managing an enterprise.
The contact sessions focus on developing entrepreneurial motivation, business opportunity guidance, market research & survey, preparation of detailed project report, project appraisal system of banks & financial institutions and interactions with successful entrepreneurs.
The syllabus in the form of printed self-instructional study material covers all the aspects of launching, establishing and managing a small-scale enterprise, including taxation as applicable to small-scale industry. To put it briefly, it prepares the learner with the knowledge, skills and motivation to set up an enterprise and manage it successfully.
The study material designed to facilitate the learners, is divided into 11 units covering critical areas such as: Introduction to Entrepreneurship, Sources of Assistance, Business Opportunity Identification, Market Assessment, Entrepreneurial Motivation, various soft skills like Communication Skills, Negotiation Skills, Entrepreneurial Competencies, Small Business Management including Systematic Planning, Quality Control, Marketing Management, Financial Management, Production Management. Besides, various topics like Total Quality Management, Strategic Planning, Business Ethics, Franchising, Venture Capital Financing, Exports, etc. The material provides comprehensive understanding on what it takes to become an entrepreneur.
The methodology of the course includes; self-instructional study material, assignments, personal counseling through experts, professional counselors and two contact sessions during the course. Duration and Medium of Instruction
The duration of the course is one year. The medium of instruction is English.
The course begins in the month of January, April, July and October.
Degree/Diploma holders in any discipline and those who are in the final year of their degree, are eligible to join the course. As the basic objective of the course is to provide an indepth insight into the subject of entrepreneurship to those who have a strong desire to set-up his/her own enterprise.
The Award of the Diploma is based on assessment of the assignments, project report submitted by the learner and performance in the final examination. Those who fail to qualify may reappear for the examination within 2 years by paying an additional fee of ` 1500/- for each appearance (maximum three appearances).
Diploma in Entrepreneurship and Business Management equips the learners with the ability to function dynamically and acquire the requisite knowledge and skills to plan and successfully launch their own dream ventures.